South Lake Tahoe Weekly Real Estate Market Update 11/4/11

November 4, 2011

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

The inventory dropped significantly but the market remains strong despite a slight drop in buyer activity.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio had increased from 23.6% to 24.6%.  This is the result of the Active listings decreasing by 37 as the Pending sales decreased by 6.  The distress sales (short sales and bank owned foreclosures) continue to impact the market which now represents 24.9% of the Active inventory and 64.9% of the Pending sales.

This past week there were 18 new sales for a YTD of 486 sales.  These sales ranged from a low of $128,000 to a high of $760,000.  There were 4 high priced sales which were on Oneidas St for $480,000, Catalina Dr for $519,000, High Meadows Ct for $672,000 and Pioneer Tr for $760,000.  Despite the higher sales the 6 month average sales price dropped by .9% to $340,561.  The average days on market are 153 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 11/04/11 at 9:26am

 

Active
Listing Price Range Quantity Average DOM  
$50,000 thru $59,999 2 28  
$80,000 thru $89,999 2 71  
$90,000 thru $99,999 2 39  
$100,000 thru $119,999 7 80  
$120,000 thru $139,999 13 147  
$140,000 thru $159,999 12 126  
$160,000 thru $179,999 25 138  
$180,000 thru $199,999 18 148  
$200,000 thru $249,999 35 163  
$250,000 thru $299,999 29 224  
$300,000 thru $349,999 29 175  
$350,000 thru $399,999 24 123  
$400,000 thru $449,999 20 218  
$450,000 thru $499,999 33 165  
$500,000 thru $549,999 5 96  
$550,000 thru $599,999 19 180  
$600,000 thru $649,999 8 282  
$650,000 thru $699,999 13 116  
$700,000 thru $749,999 5 167  
$750,000 thru $799,999 6 249  
$800,000 thru $849,999 3 215  
$850,000 thru $899,999 3 149  
$900,000 thru $949,999 3 246  
$950,000 thru $999,999 2 535  
$1,000,000 thru $1,249,999 2 30  
$1,250,000 thru $1,499,999 10 141  
$1,500,000 thru $1,749,999 4 315  
$1,750,000 thru $1,999,999 2 427  
$2,000,000 thru $2,249,999 1 172  
$3,250,000 thru $3,499,999 1 37  
$3,750,000 thru $3,999,999 1 38  
$4,250,000 thru $4,499,999 2 324  
  341 169  
 
Summary Price Information
Minimum $55,000 Maximum $4,350,000
Average $476,200 Median $345,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045
 

Area Market Survey

Listings as of 11/04/11 at 9:26am

 

Pending
Listing Price Range Quantity Average DOM  
$90,000 thru $99,999 1 141  
$100,000 thru $119,999 4 128  
$120,000 thru $139,999 6 121  
$140,000 thru $159,999 10 148  
$160,000 thru $179,999 8 120  
$180,000 thru $199,999 7 162  
$200,000 thru $249,999 20 190  
$250,000 thru $299,999 11 184  
$300,000 thru $349,999 10 93  
$350,000 thru $399,999 8 117  
$400,000 thru $449,999 5 201  
$450,000 thru $499,999 5 241  
$500,000 thru $549,999 4 155  
$550,000 thru $599,999 2 114  
$600,000 thru $649,999 1 38  
$650,000 thru $699,999 1 79  
$700,000 thru $749,999 1 268  
$750,000 thru $799,999 2 225  
$1,000,000 thru $1,249,999 1 176  
$1,250,000 thru $1,499,999 1 243  
$1,500,000 thru $1,749,999 1 1096  
$2,750,000 thru $2,999,999 1 347  
$3,500,000 thru $3,749,999 1 273  
  111 168  
 
Summary Price Information
Minimum $99,900 Maximum $3,595,000
Average $377,772 Median $249,900

 

Sold
Selling Price Range Quantity Average DOM  
$40,000 thru $49,999 1 259  
$60,000 thru $69,999 1 25  
$70,000 thru $79,999 3 83  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 9 96  
$100,000 thru $119,999 4 159  
$120,000 thru $139,999 13 111  
$140,000 thru $159,999 18 191  
$160,000 thru $179,999 30 106  
$180,000 thru $199,999 22 130  
$200,000 thru $249,999 54 145  
$250,000 thru $299,999 34 162  
$300,000 thru $349,999 32 150  
$350,000 thru $399,999 17 126  
$400,000 thru $449,999 16 163  
$450,000 thru $499,999 14 175  
$500,000 thru $549,999 12 118  
$550,000 thru $599,999 8 300  
$600,000 thru $649,999 7 222  
$650,000 thru $699,999 2 137  
$700,000 thru $749,999 3 206  
$750,000 thru $799,999 4 75  
$800,000 thru $849,999 4 186  
$900,000 thru $949,999 2 265  
$1,000,000 thru $1,249,999 1 110  
$1,250,000 thru $1,499,999 1 735  
$1,500,000 thru $1,749,999 1 585  
$2,500,000 thru $2,749,999 1 445  
$3,500,000 thru $3,749,999 1 120  
$4,000,000 thru $4,249,999 1 143  
  317 153  
 
Summary Price Information
Minimum $45,000 Maximum $4,200,000
Average $340,561 Median $250,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market Update 10/28/11

October 28, 2011

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

The hot start in the 4th quarter is cooling off!  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week the market activity ratio decreased from 24% to 23.6%.  This is the result of the Active listings decreasing by 9 as the Pending sales decreased by 5.  Despite the decreasing inventory which is typical for this time of year, the foreclosures continue to replenish the market a steady pace.  The distress sales (short sales and bank owned foreclosures) now represents 22.8% of the Active inventory and 65.8% of the pending sales. 

There were 16 new sales this past week for a YTD of 468 sales.  These sales ranged $115,000 which was a condo on Bonanza to $519,000 which was on Catalina in the Tahoe Keys.  The lack of higher priced home sales had decreased the 6 month average by 1.1% to $343,575.  The average days on market are 154 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 10/27/11 at 8:19pm

 

Active
Listing Price Range Quantity Average DOM  
$50,000 thru $59,999 1 41  
$80,000 thru $89,999 1 2  
$90,000 thru $99,999 2 101  
$100,000 thru $119,999 6 103  
$120,000 thru $139,999 11 153  
$140,000 thru $159,999 11 112  
$160,000 thru $179,999 27 135  
$180,000 thru $199,999 19 130  
$200,000 thru $249,999 42 171  
$250,000 thru $299,999 36 228  
$300,000 thru $349,999 32 172  
$350,000 thru $399,999 26 117  
$400,000 thru $449,999 22 225  
$450,000 thru $499,999 35 161  
$500,000 thru $549,999 7 184  
$550,000 thru $599,999 18 184  
$600,000 thru $649,999 10 245  
$650,000 thru $699,999 15 110  
$700,000 thru $749,999 5 159  
$750,000 thru $799,999 7 219  
$800,000 thru $849,999 2 272  
$850,000 thru $899,999 4 125  
$900,000 thru $949,999 3 251  
$950,000 thru $999,999 3 513  
$1,000,000 thru $1,249,999 2 107  
$1,250,000 thru $1,499,999 11 143  
$1,500,000 thru $1,749,999 6 445  
$1,750,000 thru $1,999,999 2 419  
$2,000,000 thru $2,249,999 4 399  
$2,250,000 thru $2,499,999 1 595  
$2,500,000 thru $2,749,999 2 595  
$3,250,000 thru $3,499,999 1 29  
$3,750,000 thru $3,999,999 1 30  
$4,250,000 thru $4,499,999 2 316  
$10,000,000 or more 1 679  
  378 182  
 
Summary Price Information
Minimum $55,000 Maximum $12,900,000
Average $545,621 Median $358,250

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045
 

Area Market Survey

Listings as of 10/27/11 at 8:19pm

 

Pending
Listing Price Range Quantity Average DOM  
$80,000 thru $89,999 1 131  
$90,000 thru $99,999 1 88  
$100,000 thru $119,999 3 120  
$120,000 thru $139,999 9 111  
$140,000 thru $159,999 7 167  
$160,000 thru $179,999 11 120  
$180,000 thru $199,999 10 173  
$200,000 thru $249,999 19 216  
$250,000 thru $299,999 16 190  
$300,000 thru $349,999 10 85  
$350,000 thru $399,999 7 116  
$400,000 thru $449,999 4 136  
$450,000 thru $499,999 4 184  
$500,000 thru $549,999 5 140  
$550,000 thru $599,999 3 110  
$600,000 thru $649,999 1 30  
$650,000 thru $699,999 1 153  
$700,000 thru $749,999 1 260  
$750,000 thru $799,999 1 99  
$800,000 thru $849,999 1 96  
$2,750,000 thru $2,999,999 1 339  
$3,500,000 thru $3,749,999 1 265  
  117 155  
 
Summary Price Information
Minimum $85,000 Maximum $3,595,000
Average $339,290 Median $249,000

 

Sold
Selling Price Range Quantity Average DOM  
$40,000 thru $49,999 1 259  
$60,000 thru $69,999 1 25  
$70,000 thru $79,999 3 83  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 9 96  
$100,000 thru $119,999 4 159  
$120,000 thru $139,999 11 113  
$140,000 thru $159,999 19 186  
$160,000 thru $179,999 26 101  
$180,000 thru $199,999 21 141  
$200,000 thru $249,999 51 134  
$250,000 thru $299,999 31 169  
$300,000 thru $349,999 32 150  
$350,000 thru $399,999 17 126  
$400,000 thru $449,999 15 169  
$450,000 thru $499,999 13 179  
$500,000 thru $549,999 12 118  
$550,000 thru $599,999 9 293  
$600,000 thru $649,999 7 222  
$650,000 thru $699,999 1 119  
$700,000 thru $749,999 3 206  
$750,000 thru $799,999 3 67  
$800,000 thru $849,999 4 186  
$900,000 thru $949,999 2 265  
$1,000,000 thru $1,249,999 1 110  
$1,250,000 thru $1,499,999 1 735  
$1,500,000 thru $1,749,999 1 585  
$2,500,000 thru $2,749,999 1 445  
$3,500,000 thru $3,749,999 1 120  
$4,000,000 thru $4,249,999 1 143  
  302 154  
 
Summary Price Information
Minimum $45,000 Maximum $4,200,000
Average $343,575 Median $252,500

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market Update for 10/21/11

October 21, 2011

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

The buyer activity remains strong at the bottom end and the high end buyers seem to be missing!  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between Active listings and Pending sales.  This past week we saw the market activity ratio with a slight increase from 23.9% to 24%.  This is the result of the Active listings decreasing by 14 as the pending sales decreased by 4.  The distress sales (short sales and bank owned foreclosures) continue to impact our market as it represents 20.9% of the active inventory and 66.4% of the pending sales.

There were 17 new sales this past week for a YTD of 452 sales.  The sales ranged from a low of $$45,000 which was a condo on Bonanza Ave to a high of $460,000 which was on E River Park Dr.  With the lack of any high end sales the 6 month average sales price dropped significantly by 2% to $$347,262.  The average days on market are 154 days. 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 10/21/11 at 8:57am

 

Active
Listing Price Range Quantity Average DOM  
$60,000 thru $69,999 1 35  
$90,000 thru $99,999 2 95  
$100,000 thru $119,999 4 147  
$120,000 thru $139,999 12 154  
$140,000 thru $159,999 13 115  
$160,000 thru $179,999 24 112  
$180,000 thru $199,999 21 140  
$200,000 thru $249,999 43 177  
$250,000 thru $299,999 35 224  
$300,000 thru $349,999 36 166  
$350,000 thru $399,999 29 107  
$400,000 thru $449,999 22 224  
$450,000 thru $499,999 36 162  
$500,000 thru $549,999 7 228  
$550,000 thru $599,999 19 179  
$600,000 thru $649,999 9 252  
$650,000 thru $699,999 16 105  
$700,000 thru $749,999 5 153  
$750,000 thru $799,999 6 235  
$800,000 thru $849,999 3 204  
$850,000 thru $899,999 5 164  
$900,000 thru $949,999 3 245  
$950,000 thru $999,999 3 507  
$1,000,000 thru $1,249,999 1 39  
$1,250,000 thru $1,499,999 12 139  
$1,500,000 thru $1,749,999 6 439  
$1,750,000 thru $1,999,999 2 413  
$2,000,000 thru $2,249,999 4 393  
$2,250,000 thru $2,499,999 1 589  
$2,500,000 thru $2,749,999 2 589  
$3,250,000 thru $3,499,999 1 23  
$3,750,000 thru $3,999,999 1 24  
$4,250,000 thru $4,499,999 2 310  
$10,000,000 or more 1 673  
  387 180  
 
Summary Price Information
Minimum $65,000 Maximum $12,900,000
Average $544,705 Median $365,650

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045
 

Area Market Survey

Listings as of 10/21/11 at 8:57am

 

Pending
Listing Price Range Quantity Average DOM  
$70,000 thru $79,999 1 43  
$80,000 thru $89,999 1 125  
$90,000 thru $99,999 1 82  
$100,000 thru $119,999 3 114  
$120,000 thru $139,999 9 114  
$140,000 thru $159,999 6 164  
$160,000 thru $179,999 13 113  
$180,000 thru $199,999 11 178  
$200,000 thru $249,999 21 192  
$250,000 thru $299,999 16 184  
$300,000 thru $349,999 10 67  
$350,000 thru $399,999 7 114  
$400,000 thru $449,999 6 116  
$450,000 thru $499,999 5 273  
$500,000 thru $549,999 5 91  
$550,000 thru $599,999 1 113  
$600,000 thru $649,999 1 24  
$650,000 thru $699,999 1 147  
$700,000 thru $749,999 1 254  
$750,000 thru $799,999 1 93  
$800,000 thru $849,999 1 90  
$3,500,000 thru $3,749,999 1 259  
  122 147  
 
Summary Price Information
Minimum $79,900 Maximum $3,595,000
Average $309,347 Median $239,450

 

Sold
Selling Price Range Quantity Average DOM  
$40,000 thru $49,999 1 259  
$60,000 thru $69,999 2 106  
$70,000 thru $79,999 3 83  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 8 102  
$100,000 thru $119,999 3 196  
$120,000 thru $139,999 10 102  
$140,000 thru $159,999 19 186  
$160,000 thru $179,999 24 103  
$180,000 thru $199,999 23 151  
$200,000 thru $249,999 48 135  
$250,000 thru $299,999 32 169  
$300,000 thru $349,999 33 148  
$350,000 thru $399,999 15 123  
$400,000 thru $449,999 15 177  
$450,000 thru $499,999 12 139  
$500,000 thru $549,999 11 116  
$550,000 thru $599,999 10 269  
$600,000 thru $649,999 7 222  
$650,000 thru $699,999 1 119  
$700,000 thru $749,999 3 206  
$750,000 thru $799,999 4 66  
$800,000 thru $849,999 4 186  
$900,000 thru $949,999 2 265  
$1,000,000 thru $1,249,999 1 110  
$1,250,000 thru $1,499,999 1 735  
$1,500,000 thru $1,749,999 1 585  
$2,500,000 thru $2,749,999 1 445  
$3,500,000 thru $3,749,999 1 120  
$4,000,000 thru $4,249,999 1 143  
  297 154  
 
Summary Price Information
Minimum $45,000 Maximum $4,200,000
Average $347,262 Median $260,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

South Tahoe Weekly Real Estate Market Update for 10/14/11

October 14, 2011

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

The Fall market is hot!  Third quarter statistics shows that we are lagging behind 2010.  However, my archives show us far ahead for the 4th quarter.  To measure the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week we saw the market activity ratio increase from 23.1% to 23.9% and in Oct. 15th 2010 it was 19.6%.  This is the result of the active inventory decreasing by 4 as the pending sales increase by 4.  Compared to Oct 15th, 2010 there are 30 less for sale signs out there and 21 more escrows.  The distress sales (short sales and bank owned foreclosures) now represent 20.2% of the active inventory and 62.7% of the pending sales.

There were 15 new sales this past week for a YTD of 435 sales.  These sales ranged from $142,000 to $610,000.  The 3 highest sales were on Fairway Ave for $480,000, Southern Pines Dr for $550,000 and Lupine Tr for $610,000.  This decreased the 6 month average sales price by .8% to $354,275.  The average days on market are 151 days.

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 10/14/11 at 8:26am

 

Active
Listing Price Range Quantity Average DOM  
$60,000 thru $69,999 1 28  
$90,000 thru $99,999 1 120  
$100,000 thru $119,999 5 123  
$120,000 thru $139,999 14 130  
$140,000 thru $159,999 14 110  
$160,000 thru $179,999 20 116  
$180,000 thru $199,999 24 124  
$200,000 thru $249,999 40 183  
$250,000 thru $299,999 38 200  
$300,000 thru $349,999 38 165  
$350,000 thru $399,999 32 103  
$400,000 thru $449,999 22 217  
$450,000 thru $499,999 34 149  
$500,000 thru $549,999 13 151  
$550,000 thru $599,999 15 179  
$600,000 thru $649,999 12 237  
$650,000 thru $699,999 18 95  
$700,000 thru $749,999 5 146  
$750,000 thru $799,999 6 219  
$800,000 thru $849,999 4 319  
$850,000 thru $899,999 5 157  
$900,000 thru $949,999 3 238  
$950,000 thru $999,999 3 500  
$1,000,000 thru $1,249,999 2 238  
$1,250,000 thru $1,499,999 11 151  
$1,500,000 thru $1,749,999 6 432  
$1,750,000 thru $1,999,999 2 406  
$2,000,000 thru $2,249,999 4 386  
$2,250,000 thru $2,499,999 1 582  
$2,500,000 thru $2,749,999 2 582  
$3,250,000 thru $3,499,999 2 51  
$3,750,000 thru $3,999,999 1 17  
$4,250,000 thru $4,499,999 2 303  
$10,000,000 or more 1 666  
  401 173  
 
Summary Price Information
Minimum $65,000 Maximum $12,900,000
Average $549,990 Median $369,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045
 

Area Market Survey

Listings as of 10/14/11 at 8:26am

 

Pending
Listing Price Range Quantity Average DOM  
$40,000 thru $49,999 1 253  
$70,000 thru $79,999 1 36  
$80,000 thru $89,999 1 118  
$90,000 thru $99,999 2 160  
$100,000 thru $119,999 4 95  
$120,000 thru $139,999 7 125  
$140,000 thru $159,999 6 169  
$160,000 thru $179,999 12 119  
$180,000 thru $199,999 13 168  
$200,000 thru $249,999 24 174  
$250,000 thru $299,999 17 189  
$300,000 thru $349,999 11 80  
$350,000 thru $399,999 6 179  
$400,000 thru $449,999 6 103  
$450,000 thru $499,999 7 259  
$500,000 thru $549,999 1 127  
$550,000 thru $599,999 1 106  
$600,000 thru $649,999 1 17  
$650,000 thru $699,999 1 140  
$700,000 thru $749,999 1 247  
$750,000 thru $799,999 1 86  
$800,000 thru $849,999 1 83  
$3,500,000 thru $3,749,999 1 252  
  126 154  
 
Summary Price Information
Minimum $45,000 Maximum $3,595,000
Average $298,494 Median $234,950

 

Sold
Selling Price Range Quantity Average DOM  
$60,000 thru $69,999 2 106  
$70,000 thru $79,999 3 83  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 6 85  
$100,000 thru $119,999 4 184  
$120,000 thru $139,999 10 102  
$140,000 thru $159,999 18 185  
$160,000 thru $179,999 22 101  
$180,000 thru $199,999 22 157  
$200,000 thru $249,999 49 132  
$250,000 thru $299,999 29 166  
$300,000 thru $349,999 32 143  
$350,000 thru $399,999 17 97  
$400,000 thru $449,999 17 178  
$450,000 thru $499,999 11 150  
$500,000 thru $549,999 11 116  
$550,000 thru $599,999 11 256  
$600,000 thru $649,999 7 222  
$650,000 thru $699,999 1 119  
$700,000 thru $749,999 4 165  
$750,000 thru $799,999 4 66  
$800,000 thru $849,999 4 186  
$900,000 thru $949,999 2 265  
$1,000,000 thru $1,249,999 1 110  
$1,250,000 thru $1,499,999 1 735  
$1,500,000 thru $1,749,999 1 585  
$2,500,000 thru $2,749,999 1 445  
$3,500,000 thru $3,749,999 1 120  
$4,000,000 thru $4,249,999 1 143  
  293 151  
 
Summary Price Information
Minimum $65,000 Maximum $4,200,000
Average $354,275 Median $275,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

South Lake Tahoe Weekly Real Estate Market Update 10/5/11

October 5, 2011

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general value trend.

The high end buyers are showing their green for lake front properties and there is still plenty of green at the bottom end of the market but the middle is still struggling.  To measure the most current buyer activity, I use the Market Activity Ratio, which is the relationship between Active listings and Pending sales.  This past week the market activity ratio increased from 22.7% to 23.1%.  This is the result of the Active listings decreasing by 27 as the Pending sales decreased by 5.  The distress (bank owned foreclosure and short sales) sales continue to impact the market which represents 22.7% of the active inventory and 57.4% of the pending sales.

This past week there were 7 new sales for a YTD of 420.  The sales ranged from $178,000 to 4,200,000.  There were 4 high end sales which were on Cascade Ct for $815,000, Lake Tahoe Blvd for $1,200,000, Lighthouse Shores for $3,700,00 and Stateline Ave for $4,200,000.  These sales had a huge impact on the 6 month average sales price by raising it by 8.3% to $356,959.  The average days on market are 152 days. 

Listings per Status
%Jim Wire %Real Estate Lake Tahoe

Area Market Survey

Listings as of 10/05/11 at 9:19am

 

Active
Listing Price Range Quantity Average DOM  
$60,000 thru $69,999 1 19  
$80,000 thru $89,999 1 201  
$100,000 thru $119,999 5 117  
$120,000 thru $139,999 14 141  
$140,000 thru $159,999 12 108  
$160,000 thru $179,999 21 107  
$180,000 thru $199,999 24 175  
$200,000 thru $249,999 48 215  
$250,000 thru $299,999 38 158  
$300,000 thru $349,999 34 172  
$350,000 thru $399,999 35 101  
$400,000 thru $449,999 20 219  
$450,000 thru $499,999 36 169  
$500,000 thru $549,999 12 145  
$550,000 thru $599,999 14 176  
$600,000 thru $649,999 14 205  
$650,000 thru $699,999 17 91  
$700,000 thru $749,999 5 185  
$750,000 thru $799,999 7 191  
$800,000 thru $849,999 4 310  
$850,000 thru $899,999 4 126  
$900,000 thru $949,999 2 93  
$950,000 thru $999,999 4 428  
$1,000,000 thru $1,249,999 1 435  
$1,250,000 thru $1,499,999 10 125  
$1,500,000 thru $1,749,999 7 259  
$1,750,000 thru $1,999,999 2 397  
$2,000,000 thru $2,249,999 4 377  
$2,250,000 thru $2,499,999 1 573  
$2,500,000 thru $2,749,999 2 573  
$3,250,000 thru $3,499,999 2 42  
$3,750,000 thru $3,999,999 1 8  
$4,250,000 thru $4,499,999 2 294  
$10,000,000 or more 1 657  
  405 173  
 
Summary Price Information
Minimum $65,000 Maximum $12,900,000
Average $543,508 Median $369,000

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045
 

Area Market Survey

Listings as of 10/05/11 at 9:19am

 

Pending
Listing Price Range Quantity Average DOM  
$40,000 thru $49,999 1 244  
$70,000 thru $79,999 1 27  
$80,000 thru $89,999 1 109  
$90,000 thru $99,999 2 151  
$100,000 thru $119,999 4 86  
$120,000 thru $139,999 5 100  
$140,000 thru $159,999 8 148  
$160,000 thru $179,999 12 106  
$180,000 thru $199,999 12 140  
$200,000 thru $249,999 22 133  
$250,000 thru $299,999 14 168  
$300,000 thru $349,999 12 95  
$350,000 thru $399,999 6 183  
$400,000 thru $449,999 7 91  
$450,000 thru $499,999 7 160  
$500,000 thru $549,999 1 118  
$550,000 thru $599,999 2 252  
$600,000 thru $649,999 1 204  
$650,000 thru $699,999 1 131  
$800,000 thru $849,999 1 74  
$1,500,000 thru $1,749,999 1 1066  
$3,500,000 thru $3,749,999 1 243  
  122 141  
 
Summary Price Information
Minimum $45,000 Maximum $3,595,000
Average $308,571 Median $238,250

 

Sold
Selling Price Range Quantity Average DOM  
$60,000 thru $69,999 2 106  
$70,000 thru $79,999 3 83  
$80,000 thru $89,999 1 159  
$90,000 thru $99,999 7 111  
$100,000 thru $119,999 5 159  
$120,000 thru $139,999 9 113  
$140,000 thru $159,999 17 188  
$160,000 thru $179,999 23 103  
$180,000 thru $199,999 20 161  
$200,000 thru $249,999 48 134  
$250,000 thru $299,999 30 165  
$300,000 thru $349,999 30 151  
$350,000 thru $399,999 17 97  
$400,000 thru $449,999 15 169  
$450,000 thru $499,999 10 161  
$500,000 thru $549,999 12 124  
$550,000 thru $599,999 11 227  
$600,000 thru $649,999 6 224  
$650,000 thru $699,999 1 119  
$700,000 thru $749,999 4 165  
$750,000 thru $799,999 4 66  
$800,000 thru $849,999 4 186  
$900,000 thru $949,999 2 265  
$1,000,000 thru $1,249,999 1 110  
$1,250,000 thru $1,499,999 2 583  
$1,500,000 thru $1,749,999 1 585  
$2,500,000 thru $2,749,999 1 445  
$3,500,000 thru $3,749,999 1 120  
$4,000,000 thru $4,249,999 1 143  
  288 152  
 
Summary Price Information
Minimum $65,000 Maximum $4,200,000
Average $356,959 Median $260,750

 

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2011 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

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